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Calcium Formate Market in Numbers:
- Global calcium formate market registered a CAGR of nearly 4.0% between the period 2014 and 2018.
- Sales of calcium formate closed in on US$ 1,500 Mn in 2018 and are estimated to grow at a Y-o-Y growth at over 4% in 2019.
- East Asia will continue to be the high growth and high value market for calcium formate, with sales estimated in excess of US$ 530 Mn in 2018. Well-established leather industry, where demand for calcium formate is robust as an additive to promote speedy and efficient penetration of chrome in leather, is a key contributor to East Asia’s lead in the calcium formate market
- Lucrativeness of the food additive and silage treatment industry for calcium formate manufacturers is here to stay, with sales in 2018 estimated close to US$ 490 Mn.
Calcium Formate Market – Competitive Landscape
The calcium formate market remains highly fragmented in nature, with significant barriers to new entrants. While new product developments and launches remain key strategies of leading players, the focus also remains strong on collaborations with mid-sized industries to materialize their long-term manufacturing and distribution goals.
Leading players have a robust occupancy and distribution in developed as well as developing markets, collectively accounting for approximately 40% calcium formate sales. The strategies employed by leading players continue to contradict the ones put in action by mid-level players.
‘Buy and build’ remains a key strategy for the market leaders, as their efforts are geared towards strengthening their global footprint with the help of sound infrastructures and streamlined distribution. These players cater to niche applications in key industry sectors including electronics, construction, coatings, oil and gas, rubber, and water treatment.
Opportunities Abound in Animal Feed and Silage Treatment Industry
The study reveals that the demand for calcium formate in animal feed and silage treatment industry is anticipated to witness a remarkable rise, as governments of numerous countries implement regulations on health enhancers used in animal feed. The need for nutrition-rich feed that benefit the digestive health of animals has influenced the adoption of additives and preservatives to achieve healthy growth of livestock. Additionally, growing consumption rate of meat and poultry products, which has proliferated demand for livestock, continues to create lucrative opportunities for the calcium formate manufacturers. According to the study, calcium formate sales in the animal feed and silage treatment industry will register a CAGR of over 4% through 2029.
This incisive Fact.MR report provides crucial information and comprehendible intelligence of the calcium formate market. A systematic approach is employed to carry out an in-depth analysis of the key drivers, restraints, opportunities, and threats governing the growth of calcium formate market between the period 2019 and 2029. For gaining comprehensive information of the historical and current growth parameters of the calcium formate market, primary and secondary research has been conducted. The secondary research contains the study of trade journals, press releases, company annual reports, paid resources, and other publications, while the primary research involves data culled by interviewing industry and market heads.
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